Derivatives and Hedge Accounting: The Essentials

Hedge accounting, by its very nature, is fraught with inconsistencies, which are further compounded by the complexity of the financial relationships within the scope of the hedge accounting standards under U.S. GAAP.  The objective of this course is to show that there is a "method to the madness" of hedge accounting.  Starting with the basics as an introduction to the main concepts, numerous examples will rapidly become more complex.  To further aid in understanding and applicability to situations as they arise, the explanation of each solution will be couched in terms of common recurring themes.